MANILA, Philippines, 2 September 2021 — World Economic Magazine awarded FinScore as the Fastest Growing Credit Scoring Platform in the Philippines 2021. The US-based publication is known to promote the understanding of financial literacy and economic multi-polarity in today’s global economy and international trade in particular for its global audience. The editorial provides insights, comprehensive study, and best practices in the areas of resistance to change, people, leadership, products, services, communication, and other critical aspects of the present economy.
FinScore is an alternative credit scoring company that provides Telco Data credit scoring and fraud detection tools to banks and financial institutions in the Philippines. The Telco Data Credit Score is based on over four hundred (400) telecommunication variables such as voice usage, top-up patterns, duration of calls, SIM card age, geo-location, and many more. Derived through cutting-edge systems, such as Gradient Boosting and Neural Networks, the Telco Score has high predictive power and offers unique data about consumers. It can be seamlessly integrated via ACE Web-based Portal or API integration.
“The FinScore team is extending its thanks to the World Economic Magazine for the award. This year, we’ve seen that the financial services landscape has an increased interest and willingness to serve their customers through digital channels. We’ve onboarded several major financial institutions which aim to extend credit to the unbanked and credit invisible market segment in the Philippines.” said Christo Georgiev, Country Manager and Chief Strategy Officer, FinScore, “Currently, we have delivered over 5 Million Credit Scores, successfully conducted over 30 proofs-of-concept, and facilitated over USD 640 Million worth of loans.”
About World Economic Zone
World Economic Magazine Inc. (the “Corporation”) is a US-based publication committed to promote the understanding of financial literacy and economic multi-polarity in today’s global economy and international trade in particular for its global audience.
The editorial provides insights, comprehensive study, and best practices in the areas of resistance to change, people, leadership, products, services, communication, and other critical aspects of the present economy. This publication is determined to offer an honest and engaging platform for companies and businesses (traditional as well as startups) as they continuously reengage with their partners and consumers while focusing on agility, innovation, flexibility, speed, and value through people.
World Economic magazine serves the needs of C-suite executives, finance professionals, entrepreneurs, and organizations interested in learning and shaping global business practices and trends.
FinScore (https://www.finscore.ph/) is a financial technology company in the Philippines that offers a powerful credit scoring platform and fraud detection tool based on alternative data, including telco-based data. As the pioneer in lending and scoring of the unbanked in the Philippines, they continuously empower banks, financial institutions, and credit bureaus with flexible platforms to help them make insightful and reliable credit decisions.
Interested companies or institutions may visit the website to schedule a demo. The score and fraud checks can be instantly pulled from the ACE web-based portal or through API integration. Results are yielded in real-time, with options for report downloading.